TEXAS BANKING NEWS, PEOPLE AND IDEAS
TEXAS BANKING NEWS, PEOPLE AND IDEAS
On March 19, Prosperity Bancshares Inc., the parent company of El Campo-based Prosperity Bank, announced that it has received all regulatory approvals to complete its previously announced acquisition of Lone Star State Bancshares Inc., the parent company of Lubbock-based Lone Star State Bank of West Texas. Alan Lackey, CEO of Lone Star State Bank, will … Read more
Wallis-based Wallis Bank is opening a new full-service branch in Sugar Land, Texas, anticipated for the third quarter of 2024. The branch will offer comprehensive banking services, state-of-the-art facilities, community engagement and an experienced team. “This milestone is a testament to the dedication of growth that Wallis Bank has instilled,” says Aziz Rahim, Sugar Land area … Read more
On February 14, Pittsburgh, Pennsylvania-based PNC Bank announced a significant expansion of its branch network over the next five years, including new Texas locations in Austin, Dallas, Houston and San Antonio. The approximate $1 billion investment will lead to more than 100 new locations across the nation and renovation of more than 1,200 existing locations … Read more
On January 16, Denver, Colorado-based FirstSun Capital Bancorp, the holding company of Dallas-based Sunflower Bank NA, and Seattle, Washington-based HomeStreet Inc., the holding company of HomeStreet Bank, announced that they have entered into a definitive merger agreement under which HomeStreet Inc. and HomeStreet Bank will merge with and into FirstSun Capital Bancorp and Sunflower Bank, … Read more
McAllen-based Rio Bank announced the opening of its first full-service banking center outside of the Rio Grande Valley. The new branch, located in Alamo Heights, marks a significant milestone for the bank as it establishes a presence in one of San Antonio’s most vibrant and growing neighborhoods. The branch, located at 5700 Broadway, is Rio … Read more
In mid-November, Pine Bluff-Arkansas-based Simmons Bank hosted a ribbon-cutting ceremony to celebrate the grand opening of its newest Dallas financial center located at 3309 W. Camp Wisdom Rd. Simmons Bank operates 23 full-service branches in the Dallas/Fort Worth metroplex. “Investing in the communities we serve is engrained in our DNA and we are grateful to … Read more
Harlingen-based Texas Regional Bank recently announced its acquisition of Smith-Reagan Insurance, a leading provider of commercial insurance services based in Cameron County. The acquisition expands the bank’s insurance offerings and positions it to provide a broader range of commercial insurance solutions to businesses of all sizes. The acquisition is part of the Texas Regional Bank’s … Read more
Dallas-based Texas Security Bank will be moving to the Prestonwood Tower later this fall to increase visibility and streamline operations. This decision supports the levels of growth the bank has seen this year and the anticipated plan for growth. The bank will occupy a 4,333-square-foot office space on the fifth floor and establish a 7,614-square-foot … Read more
On July 18, Woodville-based Citizens State Bank broke ground on its new Valley Ranch location near Kingwood, an area that is experiencing tremendous economic growth and development. The new location will be the permanent home of Citizen State Bank’s Kingwood branch. The 13,200-square-foot facility is expected to be completed by the summer of 2024. Established … Read more
This summer, Fort Worth-based Bank of Texas (a subsidiary of BOK Financial) expanded its operations into the San Antonio market, the first outside of the bank’s established operations in Dallas, Fort Worth and Houston. Longtime San Antonio banker Mark M. Johnson serves as chairman of the market. He started his banking career with Texas Commerce … Read more